Property sales in the Wairarapa district at 57 in the month showed a significant rise on a seasonally adjusted basis in April and recorded a 6% rise as compared to a year ago. The inventory of unsold houses on the market rose sharply to 166 weeks to remain well above the long-term average of 87 weeks of equivalent sales.

Median sales price for properties sold in the Wairarapa district at $216,000 was down 17% as compared to a year ago and down from the prior month. The asking price expectation of new listings was up 8% as compared to a year ago at $278,875.

The level of new listings coming onto the market in April at 154 was down as compared to March and down a significant 18% as compared to a year ago.